Main contractor named for £17m Victoria mixed-use redevelopment scheme
A construction company has been appointed to a multi-million pound redevelopment project in the centre of London.
Hong Kong-based global developer ITC Properties has appointed RED Construction Group to the £17m redevelopment of Townsend House in the capital’s Victoria district.
Located at 5 Greycoat Place at a junction of the City of Westminster, the consented 35,500 sq ft project will comprise a combination of commercial and residential spaces.
In conjunction with architects Squire and Partners, Farringdon-based main contractor RED Construction will deliver the six storey building, including basement space and the creation of retail units along the ground floor.
Four floors will be assigned to workspace, while an additional 2,400 sq ft upper floor has been proposed for premium duplex apartments, subject to planning. Construction is expected to begin in January 2021 with completion scheduled for summer 2022.
Graham Sturge, managing director of RED Construction, commented: “We are looking forward to delivering such a prominent project in central London, which will provide a diverse range of purposes, particularly as the capital starts working towards its recovery from the Covid-19 crisis.
“Townsend House encompasses all of RED Construction’s specialities, and the scale of the project will really allow us to engage all our capabilities while aligning with our controlled growth strategy.
“The unique brief will also enable us to draw on our recent experiences in delivering Axtell House and 14 Park Crescent, both of which presented complex logistical challenges and bespoke architectural features.”
Peter Walder, an advisor for ITC Properties, added: “Following the professionalism, expertise and confidence shown by RED Construction throughout the tender process for this project, we are very pleased to make this appointment.
“Townsend House will provide a breadth of opportunities for the Victoria area of London, and it is fantastic to have RED Construction on board to deliver our vision while breathing life back into the capital.”
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